CPG.L - Compass Group PLC

LSE - LSE Delayed Price. Currency in GBp
1,254.00
+58.00 (+4.85%)
As of 1:03PM BST. Market open.
Stock chart is not supported by your current browser
Previous Close1,196.00
Open1,215.00
Bid1,253.50 x 0
Ask1,254.50 x 0
Day's Range1,196.50 - 1,255.50
52 Week Range20.62 - 2,150.00
Volume1,500,233
Avg. Volume8,656,829
Market Cap22.37B
Beta (5Y Monthly)0.53
PE Ratio (TTM)19.32
EPS (TTM)64.90
Earnings DateMay 19, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJan. 16, 2020
1y Target Est1,741.25
  • Cloud canteen startup Feedr has been acquired by Compass Group for ~$24M
    TechCrunch

    Cloud canteen startup Feedr has been acquired by Compass Group for ~$24M

    Feedr, the food tech startup that delivers personalised meals to office workers as an alternative to companies setting up their own canteens, has been acquired by Compass Group, the publicly-listed foodservice company. Compass Group says the purchase of Feedr will help accelerate its digital transformation, and -- amidst the coronavirus crisis -- form part of its "return to work" strategy. Specifically, it plans to utilise Feedr’s software across its portfolio of corporate clients in the U.K. and Ireland, with further potential applications of the technology in education and healthcare sectors.

  • Why Use a Banker When an App Can Do the Job?
    Bloomberg

    Why Use a Banker When an App Can Do the Job?

    (Bloomberg Opinion) -- Britain’s FTSE 100 index has experienced its first rapid-fire share sale that includes retail investors. If technology can allow Compass Group Plc to include small shareholders in a 2 billion-pound ($2.5 billion) fundraising — by selling to them via an app — other companies will feel the pressure to follow. The role of the investment banks as gatekeeper to the big equity deals is gradually being chiseled down.Compass is in the catering business, a corporate casualty of the Covid-19 crisis. Its underlying revenue dropped nearly 50% in April. The group is seeking to raise more than 10% of its current market value to cut its too-high debt. That would normally oblige it to do a time-consuming and expensive rights offer, making shares available to all of its existing shareholders to protect them from dilution.But the British rules were relaxed in April and companies like Compass can now sell shares to whomever they like, which has usually meant the institutional investors they know best. That has been controversial as existing small shareholders have been getting diluted with no chance of doing anything about it.Compass’s tiny retail offering in its new fundraising — capped by regulators at 7 million pounds — makes no difference to whether it will raise the 2 billion-pound target. But it respects the principle that small shareholders have the same rights as big ones.The deal nevertheless underscores the oddities of the current regime. First, the retail part of the sale isn’t for existing shareholders exclusively. In that sense, it just mirrors the main offering to institutional investors. It doesn’t prevent new shareholders from diluting existing ones, it just provides a new distribution channel.The small size of the offering limits the number of people who might get burned if the shares fall later. But either the offering is suitable for retail, in which case the cap is perhaps illogical, or it is not. Placings like these appear superficially advantageous for those involved. After all, the terms need to be attractive versus buying in the market otherwise there would be no point in anyone participating. And if retail investors can buy shares in the market, then it’s logical to let them buy shares in a placing.The danger is that hype builds around these deals and the shares, often sold cheaply, end up being seen as a one-way bet by naive investors. The reality is that the companies raising equity in a hurry right now are doing so mainly because they’d be in difficulty otherwise. The performance of the stock sold in these types of placings has been very variable. But the direction of travel is clear. Technology is wedging itself into the process of selling shares and allowing broader participation and a fairer distribution of dilutive stock. That will benefit smaller institutional shareholders and family offices as well as retail investors. For the big investment banks, their role will gradually become more about giving good advice ahead of these deals and less about shifting the shares.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Catering Giant Compass Considers $2 Billion Share Sale

    (Bloomberg) -- Compass Group Plc is considering raising about $2 billion in new equity to help navigate the coronavirus pandemic, in what could become the U.K.’s biggest share sale this year, people with knowledge of the matter said.The world’s biggest catering services provider is speaking with advisers about a potential stock offering, the people said, asking not to be identified because the information is private. The U.K.-based firm is considering selling shares equal to roughly 10% of its issued capital, the people said.Compass could announce the fundraising as soon as next week, the people said. Its shares have fallen 42% in London trading this year, giving the company a market value of about 17.3 billion pounds ($21 billion). The benchmark FTSE 100 Index has declined about 23% over the same period.“We continue to evaluate the merits of a range of options that would further increase our resilience through the current situation and enable us to continue to invest in the business,” Compass said in a London regulatory filing Friday. The company hasn’t decided whether to proceed with a capital raise, and the timing and size of any deal still need to be determined, it said. An equity offering by Compass could become the largest in the U.K. this year, surpassing events manager and publisher Informa Plc’s 1 billion-pound offering last month, according to data compiled by Bloomberg. It would join companies including insurer Hiscox Ltd. and online fashion retailer Asos Plc in seeking to sell new stock since the outbreak of the coronavirus pandemic.Compass runs corporate cafeterias and serves food at schools, hospitals and sports stadiums. The company’s customers include Bank of America Corp., Coca-Cola Co. and Google, according to its website.The company said last month it is suspending dividends and about 55% of its business is closed due to lockdowns in various countries. Chief Executive Officer Dominic Blakemore has temporarily taken a 30% reduction in salary, while the company’s board members and executive committee have reduced their compensation by 25%. Compass has also secured waivers on covenants from holders of its U.S. private placement debt, it said in Friday’s statement. Compass employs around 600,000 workers and serves 5.5 billion meals annually at more than 55,000 client locations, its annual report shows. It also provides other support work like cleaning, facilities management and reception services.(Updates with company statement from fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Peloton Meets Greengrocer: Farmshelf Launches Home Version of Indoor Farming System
    IPO-Edge.com

    Peloton Meets Greengrocer: Farmshelf Launches Home Version of Indoor Farming System

    By John Jannarone From Peloton Interactive Inc. to Netflix, Inc., companies offering at-home technologies to keep people busy, healthy and entertained during the lockdown have thrived. The latest high-tech offering: a fully-automated indoor farm for greens and herbs, all housed within a sleek case the size of a bookshelf. Farmshelf, which currently sells a professional […]

  • A Rising Share Price Has Us Looking Closely At Compass Group PLC's (LON:CPG) P/E Ratio
    Simply Wall St.

    A Rising Share Price Has Us Looking Closely At Compass Group PLC's (LON:CPG) P/E Ratio

    Compass Group (LON:CPG) shareholders are no doubt pleased to see that the share price has bounced 31% in the last...

  • Volatility 101: Should Compass Group (LON:CPG) Shares Have Dropped 23%?
    Simply Wall St.

    Volatility 101: Should Compass Group (LON:CPG) Shares Have Dropped 23%?

    Compass Group PLC (LON:CPG) shareholders should be happy to see the share price up 26% in the last month. But in truth...

  • A Sliding Share Price Has Us Looking At Compass Group PLC's (LON:CPG) P/E Ratio
    Simply Wall St.

    A Sliding Share Price Has Us Looking At Compass Group PLC's (LON:CPG) P/E Ratio

    Unfortunately for some shareholders, the Compass Group (LON:CPG) share price has dived 46% in the last thirty days...

  • Is Compass Group PLC's (LON:CPG) 3.9% Dividend Worth Your Time?
    Simply Wall St.

    Is Compass Group PLC's (LON:CPG) 3.9% Dividend Worth Your Time?

    Could Compass Group PLC (LON:CPG) be an attractive dividend share to own for the long haul? Investors are often drawn...

  • Compass Group PLC (LON:CPG) Goes Ex-Dividend In 3 Days
    Simply Wall St.

    Compass Group PLC (LON:CPG) Goes Ex-Dividend In 3 Days

    Compass Group PLC (LON:CPG) stock is about to trade ex-dividend in 3 days time. This means that investors who purchase...

  • Compass Group PLC Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
    Simply Wall St.

    Compass Group PLC Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

    Investors in Compass Group PLC (LON:CPG) had a good week, as its shares rose 2.3% to close at UK£18.69 following the...

  • Thomson Reuters StreetEvents

    Edited Transcript of CPG.L earnings conference call or presentation 26-Nov-19 9:00am GMT

    Full Year 2019 Compass Group PLC Earnings Call

  • Compass Group PLC Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models
    Simply Wall St.

    Compass Group PLC Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models

    Compass Group PLC (LON:CPG) shares fell 6.1% to UK£18.83 in the week since its latest full-year results. It was not a...

  • Positive trade sentiment nudges European stocks higher
    Reuters

    Positive trade sentiment nudges European stocks higher

    Swiss drugmaker Vifor Pharma <VIFN.S> was the top performer on the pan-European STOXX 600 <.STOXX> after the company announced the success of avacopan as a treatment for a autoimmune disease in a trial. Irish shares of CRH <CRH.I> <CRH.L> rose nearly 3% after the building materials supplier posted a rise in quarterly profit on a like-for-like basis helped by strong demand and pricing which it expects to continue in 2020. After a sluggish start, the STOXX 600 <.STOXX> index gradually crept up 0.1% as major U.S. stock indexes <.SPX> <.IXIC> <.DJI> notched record highs.

  • Reuters

    Compass shares slump as caterer serves up warning on Europe

    The world's biggest catering firm, which provides meals for office workers, armed forces and school children in 45 countries, said it expects 2020 organic revenue growth around the mid-point of its 4-6% guidance range. "Consumer confidence (in Europe) continues to decline and a number of key clients, notably in manufacturing, automotive and financial services, have reduced their headcount in recent months," the company said in a statement. Catering for business and industry brings in 39% of revenue with Compass counting Alphabet Inc's Google <GOOGL.O>, Boeing Co <BA.N>, Microsoft Corp <MSFT.O> and Chevron Corp <CVX.N> among its clients.

  • Do Institutions Own Shares In Compass Group PLC (LON:CPG)?
    Simply Wall St.

    Do Institutions Own Shares In Compass Group PLC (LON:CPG)?

    Every investor in Compass Group PLC (LON:CPG) should be aware of the most powerful shareholder groups. Insiders often...

  • What Can We Make Of Compass Group PLC’s (LON:CPG) High Return On Capital?
    Simply Wall St.

    What Can We Make Of Compass Group PLC’s (LON:CPG) High Return On Capital?

    Today we'll look at Compass Group PLC (LON:CPG) and reflect on its potential as an investment. In particular, we'll...

  • Are Insiders Selling Compass Group PLC (LON:CPG) Stock?
    Simply Wall St.

    Are Insiders Selling Compass Group PLC (LON:CPG) Stock?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...

  • How Do Analysts See Compass Group PLC (LON:CPG) Performing Over The Next Year?
    Simply Wall St.

    How Do Analysts See Compass Group PLC (LON:CPG) Performing Over The Next Year?

    In March 2019, Compass Group PLC (LON:CPG) released its earnings update. Generally, analysts seem fairly confident...

  • Canadian companies - Compass Group + Copper Branch - launch national partnership to deliver network of new, 100% plant-based power food locations
    CNW Group

    Canadian companies - Compass Group + Copper Branch - launch national partnership to deliver network of new, 100% plant-based power food locations

    TORONTO, July 31, 2019 /CNW/ - Compass Group Canada, the country's leading food service provider, and Copper Branch, the world's largest vegan restaurant chain, today announced the launch of an exclusive national partnership aimed at improving the availability of plant-based options in healthcare and post-secondary settings in Canada. Today, more Canadians identify as vegan or vegetarian than at any other point in history, with nearly three million adopting plant-based diets. This partnership unites the plant-based food expertise of Copper Branch and the food service expertise of Compass Group Canada to deliver a best-in-class experience for Canadian customers seeking improved access to vegan options.

  • Should We Be Delighted With Compass Group PLC's (LON:CPG) ROE Of 41%?
    Simply Wall St.

    Should We Be Delighted With Compass Group PLC's (LON:CPG) ROE Of 41%?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • ESS Support Services, a division of Compass Group Canada, recognized as one of the Achievers 50 Most Engaged Workplaces® in North America
    CNW Group

    ESS Support Services, a division of Compass Group Canada, recognized as one of the Achievers 50 Most Engaged Workplaces® in North America

    MISSISSAUGA, ON, July 22, 2019 /CNW/ - ESS, a division of Compass Group Canada, has been recognized as one of the Achievers 50 Most Engaged Workplaces™ in North America. The annual award, issued by Achievers, an industry leading provider of employee recognition and engagement solutions, commends top employers that display leadership and innovation in engaging their workforces. Coupled with the fight for top talent at an all time high, it's more important than ever for organizations to put a greater focus on engaging their employees to drive positive business performance and culture.

  • CNW Group

    Good Earth Coffeehouse, Compass Group Canada and Groupe Compass Québec open first Montreal location in one of Canada's largest hospitals - CHUM (Centre hospitalier de l'Université de Montréal)

    MONTREAL , July 15, 2019 /CNW/ - Something good is brewing in Montreal ! This weekend, Good Earth Coffeehouse joined with Compass Group Canada and Groupe Compass Québec to open its 51 st café in CHUM, ...

  • Did Compass Group's (LON:CPG) Share Price Deserve to Gain 88%?
    Simply Wall St.

    Did Compass Group's (LON:CPG) Share Price Deserve to Gain 88%?

    Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...

  • Thomson Reuters StreetEvents

    Edited Transcript of CPG.L earnings conference call or presentation 15-May-19 8:00am GMT

    Half Year 2019 Compass Group PLC Earnings Call

  • Don't Sell Compass Group PLC (LON:CPG) Before You Read This
    Simply Wall St.

    Don't Sell Compass Group PLC (LON:CPG) Before You Read This

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...